The European Central Bank will shut its hallmark bond purchase scheme by the close of the year, it said on Thursday, taking its biggest step yet towards dismantling crisis-era stimulus a decade after the start of the euro zone's economic downturn.

The International Monetary Fund warned on Thursday that U.S. President Donald Trump's new import tariffs threaten to undermine the global trading system, prompt retaliatory responses from other countries and damage the U.S. economy.

The board of Brazilian food processor BRF SA on Thursday elected chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing.